On Feb. 13, Five Star Development broke ground on the initial phase of The Palmeraie, a $2 billion master-planned community that spans 122 acres on the border of Scottsdale and Paradise Valley, Arizona.
The retail portion of The Palmeraie will combine approximately 160,000 square feet of high-end, mixed-use space with more than 60 exceptional boutiques and a variety of dining destinations. It will have direct connectivity to a sprawling enclave of multimillion-dollar homes and The Ritz-Carlton.
A future phase is expected to include a selection of luxury residences, gourmet grocery store and boutique hotel.